Sal Daher - Startups in the IRA? Pros & Cons from Decades of Investing
Angel Invest Boston
English - December 13, 2023 06:30 - 12 minutes - 17.8 MB - ★★★★★ - 181 ratingsEntrepreneurship Business Careers angelinvesting boston angelinvestor bostonstartups business earlystagecompanies founders seedcapital seedfunding Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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In my fourth decade of angel investing, I’m happy with my investments but regret having put them in my IRAs. Here are pros and cons of having illiquid, operationally complex and hard-to-value assets in IRAs.
Sponsored by Purdue University entrepreneurship and Peter Fasse, patent attorney at Fish and Richardson.
Highlights:
Investing in Startups via an IRA Can Be Burdensome, Here’s Why How I came to Have so Much of my Net Worth in my IRAs Thank You Citibank for Encouraging a Young Banker to Save Thank You Bob Smith for Allowing Me to Fish When the Fish Were Running Why The Fish Are Not Running Any More “Some weeks I spend half my time dealing with IRA-related paperwork. I have many better things to do with my life.” The Initial Investment Is a Lot of Work for Everyone Involved Corporate Actions Guarantee Constant Attention to the IRA Is Required Then There Are the Required Annual Valuations It Gets Worse! The Upside of Investing in Startups from the IRAs Conclusion
Topics: angel investing strategies